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Rating agencies concur in improved prospects for Greece
Economyof the programme will bring the debt relief that the eurozone has pledged. In a similar vein, S&P considers... and in this juncture, ratings agencies believe that political risks have receded and that Greece has
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Alpha Bank remains profitable in Q2, NPEs reduced further
EconomyBankingat 26 billion, the NPE stock has to be reduced by another 1 billion in H2, with the management stating... Liquidity Assistance (ELA) funding has been reduced by a total of 3.1 billion since March to 9.1
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Slow pace of civil service evaluation, Hellenikon deal add to review agenda
PoliticsGreek Politics, which was meant to be completed in the summer. The Administrative Reform Ministry has now drafted... jobs during the construction phase and 75,000 jobs once it has been fully completed. Apart from
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Wages index improves 0.5 pct in Q2, rises 1.8 percent QoQ
EconomyMacroeconomyhigh of 91 in Q3 2016, the index has fallen by 1.6 percent. The record high of 120.4 was posted in Q1 2010, while the lowest reading of 78.8 was recorded in Q1 2000. Since its peak, the index has
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Review demands put spotlight on Greek banks
EconomyBankingof June 2015, the IMF has earmarked an amount of 10 billion euros for potential bank capital needs... liquidations and disposals. Piraeus probe This difference of opinions between Greeceās lenders has led to much
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Athens braces for review headwinds due to IMF demands, Berlin changes
PoliticsGreek PoliticsGreek banks are adequately capitalised. The IMF has been demanding a new asset quality review (AQR... from the AQRs, the IMF has also called for the reduction of the tax-free threshold for incomes
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Athens relieved as ECB and IMF seem to reach understanding on Greek banks
EconomyBankingAthens is hoping that a dispute between the European Central Bank and the International Monetary Fund (IMF) over Greek banks has been resolved, clearing an obstacle in the third review and easing... in an interview with ANT-1 TV on Wednesday evening that the IMF has changed its position
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Draft budget highlights taxpayer fatigue, creates policy mix doubts
EconomyMacroeconomybudget, not just the 2017 figure has been revised. The total revenue figure for 2018 has also been
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Eurobank sells NPL package in attempt to reduce bad debt pile
EconomyBanking-performing loans and derisking its balance sheet. The bank has communicated that 500 million euros... loans with property collaterals. National Bank of Greece has a decent NPL profile with a ratio of 37.3
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Industrial production rises by 5.6 percent in August after revised July growth
EconomyMacroeconomyon Tuesday. In the year so far, the IPI has remained steadily in positive territory. The increase originates... confidence has improved by 5 points. Additionally, the Markit Manufacturing PMI stayed over the 50-point
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